Pure Bitcoin Beats Fine China

Over at Cointelegraph.com, Darryn Pollock wrote an article that just might signal a new trend in wedding gifts. I've excerpted a few comments, but if you are interest, go there to read the entire article.

More and more tech savvy couples are recognizing the value of Bitcoin as an investment option for their new lives together, putting the digital currency at the top of their wish list on wedding registers.

There are cases, especially in the US, where couples have either received Bitcoin or asked for it, as a gift. ... A young couple who are usually starting their lives together have forgone fairly useless things like kitchenware and crockery for a digital currency that has the potential to double in value in a short time.

Business Insider editor Emily Cohn tweeted that the Bitcoin her and her new husband received back in 2016 proved to be the “the best gift we got.” In September last year, at the time of their wedding, one Bitcoin was worth $230. By the end of the year, they had already doubled that and a year later the currency was worth $2,383.

Neeraj Agrawal, a spokesman for the Bitcoin advocacy group Coin Center, explains: “Because it is so volatile and has a learning curve, use your best judgment on whether or not the happy couple would genuinely appreciate a cryptocurrency gift,” he said.

Millennials drive Bitcoin gifting

Honeyfund's chief executive officer and co-founder Sara Margulis believes that it is only a matter of time before Bitcoin starts to play a big role in gifts for wedding, as well as honeymoons, but only for those who know and understand the digital currencies.

“I would expect it to pop more as Millennials come into the wedding age,” Honeyfund’s Margulis said. “It’s something you will do if your friends and family are already into Bitcoin — not something most couples would do.”